Starting January 2025, recipients of Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits will receive increased payments, thanks to a 2.5% cost-of-living adjustment (COLA). The adjustment, aimed at addressing inflation, means higher monthly checks for millions of Americans. Here’s everything you need to know about payment amounts and schedules….
Recent rumors about $1,800 stimulus checks hitting bank accounts in January 2025 have created a buzz online. However, no official confirmation has come from the Internal Revenue Service (IRS) or any other government agency regarding these payments. It’s important to separate verified facts from speculation to avoid financial misinformation. What the IRS Is Doing in…
The IRS has rolled out critical tax relief measures for Californians impacted by the devastating wildfires that began in January 2025. These efforts aim to give residents and businesses in affected areas more time to recover without the added stress of immediate tax deadlines. Here’s what you need to know. Who Qualifies for Relief? The…
Wells Fargo has agreed to a $1 billion settlement in 2025 to resolve allegations of unauthorized account activities that affected millions of customers over 15 years. This settlement aims to compensate impacted individuals and restore trust after years of scrutiny over the bank’s practices. Here’s what you need to know about eligibility, compensation, and how…
The long-awaited payout from the Equifax data breach settlement has officially begun. Consumers who filed valid claims are now receiving their checks, marking the end of a legal battle that started after one of the largest data breaches in U.S. history. What Happened? Back in 2017, Equifax, a major credit reporting company, suffered a cyberattack…
Social Security is getting a makeover in 2025, with several changes aimed at helping retirees keep up with the rising cost of living. Here’s a breakdown of what you need to know about the upcoming adjustments and how they’ll affect your monthly payments. Cost-of-Living Adjustment (COLA) In 2025, retirees will see a 2.5% increase in…
In an exciting development for millions of Americans, the IRS has confirmed that married couples could receive payments of up to $2,800 in 2025. This move is part of the agency’s continued effort to ensure taxpayers receive financial relief they may have missed in previous years. Here’s what you need to know about these payments,…
This week marks a big moment for millions of Social Security beneficiaries as the first payments reflecting the new 2025 Cost-of-Living Adjustment (COLA) are sent out. If you’re wondering whether you’re among those set to receive your check, here’s everything you need to know about the updated benefits, payment schedule, and how this affects you….
Millions of Americans are set to receive long-awaited $1,400 payments from the IRS this month as part of the Recovery Rebate Credit initiative. These payments are aimed at taxpayers who missed out on claiming pandemic-related stimulus funds on their 2021 tax returns. Here’s everything you need to know about who qualifies, when the payments are…
If you’re collecting Social Security benefits or planning to do so soon, understanding how additional income might affect your payments is essential. The Social Security Administration (SSA) has rules about how much you can earn before it starts reducing your benefits. However, not all income is treated equally. Let’s break down the types of income…